other material
confidence high
sentiment neutral
materiality 0.60
OneMedNet closes $1.7M private placement, to use portion of proceeds to purchase Bitcoin
OneMedNet Corp
- Gross proceeds of ~$1.7M from sale of 1,918,591 shares at $0.65, plus warrants and pre-funded warrants.
- Warrants exercisable for 133,095 shares at $0.325; pre-funded warrants for 743,314 shares at $0.65.
- Company plans to use a portion of net proceeds to purchase Bitcoin ($BTC); no guaranteed holding period.
- Private placement closed Sept 25, 2024; investor is affiliate of Off the Chain Capital.
- Follows prior $2.7M placement with same investor in July 2024; amendments to voting and registration rights.